It works great. Never had an issue.
I think that it's not really necessarily important what type of oil you use in the trans, but how often you change it. Not that I'd run the cheap wal-mart brand, but unless you are lining up on the gate every weekend, and trying for a title, there's no reason to run the most expensive oil on the shelf.
I'm now oil engineer, but I've bounced around the planet long enough to understand that there's a lot more marketing involved in the price of the "Motorcycle Only" brand name oils that there is engineering.
I'm betting that my engine has no idea what kind of oil is going into it, and like wise, the oil I pour in has no idea it's not going into a diesel engine, but a bike trans.